Core-Mark Announces a New $40 Million Share Repurchase Program
2017年8月28日 - 9:30PM
Core-Mark Holding Company, Inc. (Nasdaq:CORE), one of the largest
marketers of fresh and broad-line supply solutions to the
convenience retail industry in North America, announced today that
its Board of Directors has authorized the Company to repurchase up
to $40 million of the Company’s common stock.
“The Board’s action, combined with our ongoing dividend program,
is a clear sign of its continued confidence in Core-Mark’s strategy
to create shareholder value,” said Thomas Perkins, President and
Chief Executive Officer of Core-Mark.
Under the new program, the Company is authorized to repurchase
its shares, from time to time, through solicited or unsolicited
transactions in the open market, in privately negotiated
transactions or pursuant to a Rule 10b5-1 plan. The timing, price
and volume of repurchases will be based on market conditions,
relevant securities laws and other factors.
Core-Mark
Core-Mark is one of the largest marketers of
fresh and broad-line supply solutions to the convenience retail
industry in North America. Founded in 1888, Core-Mark offers a full
range of products, marketing programs and technology solutions to
over 46,000 customer locations in the U.S. and Canada through 32
distribution centers (excluding two distribution facilities the
Company operates as a third party logistics provider). Core-Mark
services traditional convenience retailers, grocers, drug, liquor
and specialty stores, and other stores that carry convenience
products. For more information, please visit www.core-mark.com.
Contact: Ms. Milton Gray Draper, Director of Investor Relations at 650-589-9445 x 3027 or at mdraper@core-mark.com
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